成人小说亚洲一区二区三区,亚洲国产精品一区二区三区,国产精品成人精品久久久,久久综合一区二区三区,精品无码av一区二区,国产一级a毛一级a看免费视频,欧洲uv免费在线区一二区,亚洲国产欧美中日韩成人综合视频,国产熟女一区二区三区五月婷小说,亚洲一区波多野结衣在线

訂閱

多平臺(tái)閱讀

微信訂閱

雜志

申請(qǐng)紙刊贈(zèng)閱

訂閱每日電郵

移動(dòng)應(yīng)用

專欄 - 從華爾街到硅谷

中資企業(yè)美國上市碰壁

Dan Primack 2013年02月19日

Dan Primack專注于報(bào)道交易和交易撮合者,從美國金融業(yè)到風(fēng)險(xiǎn)投資業(yè)均有涉及。此前,Dan是湯森路透(Thomson Reuters)的自由編輯,推出了peHUB.com和peHUB Wire郵件服務(wù)。作為一名新聞工作者,Dan還曾在美國馬薩諸塞州羅克斯伯里經(jīng)營一份社區(qū)報(bào)紙。目前他居住在波士頓附近。
計(jì)劃在美國上市的易傳媒成為中美會(huì)計(jì)跨境監(jiān)管僵局的最新犧牲品。因?yàn)橹忻来嬖诜制纾蟹骄芙^向美方監(jiān)管機(jī)構(gòu)提供四大中國分支機(jī)構(gòu)的審計(jì)文件,導(dǎo)致它們的客戶公司提交的財(cái)務(wù)文件得不到美國證監(jiān)會(huì)的認(rèn)可,赴美上市計(jì)劃被迫擱淺。如果打不開僵局,中國公司赴美上市的路子基本就被堵死了。

????籌得逾3,000萬美元的風(fēng)投資金后,中國在線廣告平臺(tái)公司易傳媒(AdChina)去年申請(qǐng)?jiān)诩{斯達(dá)克上市。但易傳媒近日承認(rèn),公司不會(huì)在納斯達(dá)克或任何其他美國證券交易所上市。原因并不是因?yàn)橥顿Y者對(duì)該公司股票沒有興趣或任何公司丑聞,而是因?yàn)槊绹椭袊鹑诒O(jiān)管機(jī)構(gòu)之間目前存在分歧。

????簡而言之,由于擔(dān)心可能的欺詐行為,美國證券交易委員會(huì)(SEC)目前不認(rèn)可四大審計(jì)事務(wù)所旗下中國分支機(jī)構(gòu)的審計(jì)工作。美國證券交易委員會(huì)已表示,如果它可以審查相關(guān)審計(jì)工作的底稿,則可以接受這些機(jī)構(gòu)的審計(jì)結(jié)果。但中國監(jiān)管機(jī)構(gòu)稱,中國法律禁止傳播這樣的文件。據(jù)信,中美雙方正在幕后就這一僵局展開談判,雖然美國證券交易委員會(huì)去年12月還對(duì)四大審計(jì)事務(wù)所的中國分支機(jī)構(gòu)提起訴訟,指控后者涉嫌違反美國證券法。

????與此同時(shí),總部設(shè)在上海的易傳媒等公司則成為了犧牲品。這家公司聘用普華永道(PricewaterhouseCoopers)中國附屬公司為其會(huì)計(jì),意味著它不能得到美國證券交易委員會(huì)頒發(fā)的有效登記聲明。因此,從法律上而言,易傳媒就無法完成美國IPO。

????金沙江創(chuàng)業(yè)投資(GSR Ventures)聯(lián)席創(chuàng)始人林仁俊解釋稱:“對(duì)于任何希望在美國上市的中國公司而言,這都是一個(gè)問題?!绷秩士⊥瑫r(shí)也是易傳媒的董事。

????林仁俊不愿透露易傳媒的下一步計(jì)劃,但似乎暗示后者可能會(huì)在亞洲其他地方上市。

????他解釋說:“第二個(gè)問題是,許多決定中資企業(yè)全球募資計(jì)劃的決策者已經(jīng)轉(zhuǎn)移到香港。我聽到的反饋是,他們一些人發(fā)現(xiàn)在香港上市更便捷?!?/p>

????風(fēng)險(xiǎn)基金支持的中資企業(yè)赴美上市的高峰期是2010年,當(dāng)年就有28家中資企業(yè)在美國上市。到2011年,這一數(shù)字的降幅超過一半。到2012年,僅有2家中資公司赴美上市。除非這個(gè)爭議能得到解決,否則不要指望2013年有任何中資企業(yè)會(huì)赴美上市。(財(cái)富中文網(wǎng))

????譯者:默默

????Chinese online advertising platform AdChina last year filed to go public on the Nasdaq, after having raised more than $30 million in venture capital funding. Yesterday, however, the company acknowledged that it won't have an IPO celebration at Nasdaq or any other U.S. exchange. Not because of investor interest or company scandal, but rather because of an ongoing battle between American and Chinese financial regulators.

????Here's the situation in a nutshell: The Securities and Exchange Commission currently will not recognize work done by the Chinese affiliates of Big 4 auditing firms, due to concerns over possible fraud. The SEC has said it would accept the audits if it could review the underlying work product, but Chinese regulators say that their laws prohibit the dissemination of such documents. The impasse supposedly is being negotiated behind the scenes, although the SEC also sued the Big 4's Chinese affiliates last December for allegedly violating U.S. securities laws.

????In the meantime, companies like Shanghai-based AdChina are becoming collateral damage. It uses a Chinese affiliate of PricewaterhouseCoopers for its accounting, which means that it cannot get its registration statement made effective by the SEC – thus legally preventing it from completing a stateside IPO.

????"This is a problem for any Chinese company that wants to list in the United States," explains Richard Lim, co-founder of GSR Ventures and an AdChina board member.

????Lim declined to say what AdChina plans to do next, but did seem to hint at a listing elsewhere in Asia.

????"A secondary issue is that many of the decision-makers on Chinese companies for the global investment funds have moved to Hong Kong, and I've heard feedback that some of them have an easier time committing to Hong Kong listings," he explains.

????The peak for VC-backed Chinese IPOs in the U.S. was 2010, when there were 28 such offerings. The figure dipped to less than half of that in 2011, and just two in 2012. Until this conflict gets resolved, don't expect any in 2013.

我來點(diǎn)評(píng)

  最新文章

最新文章:

中國煤業(yè)大遷徙

500強(qiáng)情報(bào)中心

財(cái)富專欄

国产无码高清视频不卡| 99久久国产综合精品五月天喷水| JAPANESEHD熟女熟妇伦,啊轻点灬大JI巴太粗太长了| 久久久久久久国产亚洲日本| 中文字幕精品亚洲无线码VR| 欧洲变态另类zozo-av色国产色拍| 久久99精品久久久久子伦| 一区二区三区高清视频国产女人| 伊伊人成亚洲综合人网香| 免费又黄又爽a片免费看| 亚洲AV综合永久无码精品| 人与动人物A级毛片中文| 国产成人无码精品一区在线观看| 久久夜色精品国产欧美乱| 免费无码AV污污污在线观看| 亚洲中文字幕久久无码| 亚洲中文久久精品无码浏不卡| 性欧美大战久久久久久久黑人| 精品一区二区三区三区| 国产成人精品一区91| 久久九九有精品国产免费| 国产高清在线精品二区| 区在线观看亚洲欧洲日产国码aⅴ系列天堂| 亚洲AV无码一区二区三区16| √天堂资源在线中文8在线最新| 99久久99视频只有精品| 国产国产人免费人成免费视频| 久久久久久国产精品免费免| 日本不卡在线视频二区三区| 亚洲色偷偷偷综合网另类小说| 久久亚洲精品无码Av香大香| 国产精品亚洲产品一区二区三区| 亚洲一级aa无码大片| 国产婷婷色综合成人精品| 中文无码乱人伦中文视频在线V| 日韩综合无码毛片视频| 成人AV鲁丝片一区二区免费| 亚洲AV无码一区二区二三区| 国产一级A片无码免费2019| 日本裸体熟妇一区二区欧美| 偷国产乱人伦偷精品视频 |